Salesforce Future Growth
Future criteria checks 2/6
Salesforce is forecast to grow earnings and revenue by 10.7% and 8.9% per annum respectively. EPS is expected to grow by 11.8% per annum. Return on equity is forecast to be 24.2% in 3 years.
Key information
10.7%
Earnings growth rate
11.82%
EPS growth rate
| Software earnings growth | 19.8% |
| Revenue growth rate | 8.9% |
| Future return on equity | 24.20% |
| Analyst coverage | Good |
| Last updated | 22 May 2026 |
Recent future growth updates
Recent updates
New Narrative • May 20
Salesforce Future Value Could Reach $263 as Market Remains Short-Sighted
Salesforce still looks mispriced to me. At around $174, the market is acting as if growth has structurally broken, while the underlying business still throws off very serious cash.Seeking Alpha • May 19
Salesforce Q1 Preview: Negative Sentiment Overpowers, Shares Attractive
Summary Salesforce will be releasing its Q1 print on Wednesday, May 27. Ahead of that release, shares have seen exits from Bridgewater and Starboard, and they have also been tagged with an ‘underperform’ rating. I view an opportunity in what I view as overly negative sentiment. At 13.6x forward earnings, shares appear discounted relative to the growth prospects of CRM’s Agentforce. Read the full article on Seeking Alpha
Narrative Update • May 02
CRM: Debt Sale For Buybacks And AI Fears Will Shape Outlook
The analyst fair value estimate for Salesforce has been adjusted from $190 to $194. This reflects updated views on revenue growth, profit margins, and valuation multiples following a wave of Street research that recalibrated price targets around mixed core performance and a growing focus on Agentforce and broader AI adoption.
Narrative Update • Apr 18
CRM: Debt-Funded Buybacks Will Support AI Execution And Margin Discipline
The analyst price target for Salesforce has been reduced by about $50 to reflect slightly lower modeled fair value, a higher discount rate, more conservative assumptions on revenue growth and profit margins, and a trimmed future P/E multiple, in line with a broad set of recent price target cuts that cite softer organic growth, sector multiple compression, and a wait for clearer payoff from Agentforce-driven AI products. Analyst Commentary Street research around Salesforce has shifted toward tighter valuation assumptions, but it also highlights a set of execution and product drivers that bullish analysts see as underappreciated.Narrative Update • Apr 04
CRM: Debt-Funded Buybacks And AI Disruption Fears Will Shape Risk Balance
Analysts have reduced their Salesforce price targets, with several cuts of $50 to $100 or more, reflecting softer organic growth expectations, sector-wide multiple compression, and increased scrutiny of how quickly Agentforce-driven demand can translate into faster revenue growth. Analyst Commentary Recent research highlights a split view on Salesforce, with many firms cutting price targets while still acknowledging potential upside from Agentforce and other AI driven products.Narrative Update • Mar 21
CRM: AI Execution Debt-Funded Buybacks And AI Fears Will Shape Risk Balance
Analysts have kept the fair value estimate for Salesforce steady at $190, while slightly adjusting assumptions such as discount rate, revenue growth, profit margin, and future P/E to reflect mixed Q4 trends, widespread price target cuts across the Street, and increasing focus on the potential of Agentforce and AI driven offerings, alongside softer near term organic growth expectations. Analyst Commentary Street research around the latest Q4 report has turned more cautious, even as many firms still see potential in Salesforce's AI and Agentforce roadmap.Narrative Update • Mar 07
CRM: AI Adoption And FY27 Execution Will Drive Balanced Risk Outlook
Our updated Salesforce narrative reflects a lower fair value estimate, from about $232.85 to $190.00, as analysts reset price targets around $200 and trim assumed profit margins and future P/E multiples, while still pointing to Agentforce and potential revenue reacceleration in fiscal 2027 as key supports to the long term story. Analyst Commentary Across recent research, you see two clear threads on Salesforce.
Narrative Update • Feb 21
CRM: AI Overhang And 2026 Setup Will Support Long Term Upside
Our updated analyst price target for Salesforce edges down by about $10, reflecting slightly higher discount rate assumptions and modestly lower projected profit margins, even as analysts continue to cite mixed signals around AI products like Agentforce, along with broader software sector multiple compression. Analyst Commentary Recent Street research around Salesforce has turned more cautious on valuation, with several firms cutting price targets, but the tone is not uniformly negative.Narrative Update • Feb 06
CRM: AI And 2026 Setup Will Support Durable Long Term Value
Narrative Update: Salesforce Analysts have made a modest trim to their Salesforce price target, reflecting a fair value move of about US$2 to US$328. This adjustment factors in slightly lower valuation multiples, alongside supportive views on profit margins and the potential impact of artificial intelligence on key performance indicators.Analysis Article • Feb 06
Salesforce, Inc. (NYSE:CRM) May Have Run Too Fast Too Soon With Recent 28% Price Plummet
Salesforce, Inc. ( NYSE:CRM ) shareholders won't be pleased to see that the share price has had a very rough month...Narrative Update • Jan 23
CRM: AI Adoption And 2026 Setup Will Support Durable Long Term Shareholder Value
Salesforce's analyst price target edges higher by $8 to $338, as analysts highlight a supportive 2026 setup for software, stable macro and IT spending, relatively low sector valuations, and potential benefits from artificial intelligence adoption alongside improving company key performance indicators. Analyst Commentary Recent research points to a generally constructive tone around Salesforce, with several firms updating their views as they look ahead to 2026 and the role artificial intelligence could play in the broader software group.New Narrative • Jan 23
Salesforce's Market Dominance and AI Pivot Will Drive Earnings Re-acceleration
The Core: A Resilient, "Sticky" Legacy Base Salesforce remains the undisputed heavyweight of the CRM world, commanding a 21% market share , more than triple that of its nearest competitor, Microsoft (6%). This dominance creates a formidable moat: the high cost and operational risk of switching CRM providers makes Salesforce incredibly sticky within the Fortune 500.Narrative Update • Jan 09
CRM: Mixed Ratings Set Stage For Future AI Monetization Reappraisal
Narrative Update on Salesforce The analyst price target for Salesforce has shifted modestly, with fair value moving from about US$430.00 to roughly US$435.32. Analysts are factoring in updated expectations for revenue growth, profitability, and future P/E in the context of mixed sentiment, including Salesforce being replaced on one firm's conviction list and a recent downgrade to Market Perform with a US$264 price target.Narrative Update • Dec 20
CRM: Expanding AI Customer Engagement Will Drive Durable Long Term Shareholder Value
Analysts have inched up their Salesforce price target, with fair value rising roughly $3 to about $330 per share, as modestly stronger long term revenue growth assumptions and a slightly lower discount rate more than offset a marginally softer profit margin outlook amid shifting competitive dynamics in customer engagement and AI driven marketing tools. Analyst Commentary Analyst sentiment on Salesforce remains mixed as the competitive backdrop in customer engagement and AI driven marketing tools evolves rapidly, leading to both upward and downward adjustments to growth and execution assumptions embedded in valuation models.Narrative Update • Dec 17
Salesforce Stock: When CRM Becomes the Brain of the Enterprise
Salesforce (NYSE: CRM) has spent years convincing enterprises to centralize customer data. That mission is largely complete.Analysis Article • Dec 07
Salesforce, Inc. Just Recorded A 35% EPS Beat: Here's What Analysts Are Forecasting Next
Shareholders of Salesforce, Inc. ( NYSE:CRM ) will be pleased this week, given that the stock price is up 13% to US$261...Narrative Update • Dec 06
CRM: Expanding AI In Customer Engagement Will Drive Long Term Shareholder Value
Analysts have modestly reduced their Salesforce price target to approximately $327 from about $331, citing a slightly higher discount rate, a lower assumed future P/E multiple, and competitive shifts in the CRM and customer engagement software landscape, even as they nudge up long term revenue growth and margin expectations. Analyst Commentary Recent Street commentary around Salesforce reflects a more balanced stance, with some shifting enthusiasm toward specialized customer engagement platforms while acknowledging Salesforce's scale and diversified product portfolio.Narrative Update • Nov 22
CRM: Expanding AI Offerings Will Drive Shareholder Value Amid Competitive Pressures
Salesforce's analyst price target has edged lower, with analysts now projecting fair value at approximately $330.59 per share. This marks a decrease of about $4 from prior estimates, as recent research reflects lingering concerns over subdued core cloud growth and cautious near-term guidance, despite progress in AI-driven offerings.New Narrative • Nov 04
Salesforce Stock: AI-Fueled Growth Is Real — But Can Margins Stay This Strong?
Salesforce (NYSE: CRM) delivered another strong quarter, proving it can grow revenue while expanding profitability—something investors have demanded for years. For Q2 fiscal 2026 (ended July 31, 2025), revenue climbed 10% year-over-year to $10.2 billion , with subscription and support revenue up 11% to $9.7 billion.Narrative Update • Sep 04
AI Automation And Digital Reinvention Will Drive Industry Transformation
Amid concerns about softer near-term demand, subdued enterprise renewals, and limited immediate AI revenue impact—offset by long-term optimism around new product themes and margin expansion—analyst sentiment on Salesforce has turned more cautious, resulting in a consensus price target that remains unchanged at $344.64. Analyst Commentary Analysts are lowering price targets amid softer near-term demand signals, partner feedback indicating underwhelming Q2 activity, and subdued expectations for renewal business, particularly at the enterprise level.Analysis Article • Aug 02
Are Investors Undervaluing Salesforce, Inc. (NYSE:CRM) By 30%?
Key Insights Using the 2 Stage Free Cash Flow to Equity, Salesforce fair value estimate is US$359 Current share price...Analysis Article • Jul 07
Is Salesforce (NYSE:CRM) A Risky Investment?
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Analysis Article • May 29
Shareholders Will Probably Hold Off On Increasing Salesforce, Inc.'s (NYSE:CRM) CEO Compensation For The Time Being
Key Insights Salesforce will host its Annual General Meeting on 5th of June CEO Marc Benioff's total compensation...Seeking Alpha • Apr 27
Salesforce: Software Has Crashed, Buy The Bursting AI Bubble
Summary Salesforce has become a cash flow story. Despite recent market volatility, I view CRM as being recession-resistant and a clear buying opportunity due to its robust business model. Consensus estimates may be optimistic, but I expect CRM to sustain 35%-40% net margins, offering potential for double-digit returns and possible multiple expansion. I reiterate my buy rating for CRM stock. Read the full article on Seeking AlphaSeeking Alpha • Apr 19
Salesforce's Bet On Agentic AI Is Just Getting Started
Summary Salesforce's AI-powered Agentforce platform drives efficiencies, boosts customer satisfaction, and is seeing strong early adoption, with over 3,000 customers onboarded and significant internal productivity gains. Transitioning to a hybrid pricing model, Salesforce's consumption-based approach for AI agents and data usage introduces revenue unpredictability but aligns with industry trends and supports scalability. Salesforce reported robust financials for FY25, with $37.9 billion in revenue, a 33% non-GAAP operating margin, and a 50% YoY net income increase, showcasing strong operational leverage. Key growth catalysts include the upcoming launch of Agentforce 2dx and AgentExchange, expanding Salesforce's AI capabilities and creating new monetization opportunities through a developer ecosystem and pre-trained AI agents. Read the full article on Seeking AlphaSeeking Alpha • Mar 27
Salesforce's Rare Buying Opportunity Is Here, Thanks To The Much Needed Selloff
Summary CRM's recent selloff presents a compelling buying opportunity, supported by the durable enterprise demand for agentic AI products and the expanding margins. Thanks to the high double digits growth prospects observed in the global Agentic AI and Customer Relationship Management end markets, the company is likely to remain a clear market leader. Despite the mixed FY2026 guidance, CRM's growing multi-year RPO, robust cash flow, and healthy balance sheet already position it for robust long-term growth. This is significantly aided by the cheaper valuations, moderating short interest volume, and robust bullish support at the $270s ranges, with it offering investors with an excellent margin of safety. If anything, CRM has been utilizing its rich Free Cash Flow generation to return great value to long-term shareholders, with it highlighting the stock's highly compelling investment thesis. Read the full article on Seeking AlphaSeeking Alpha • Feb 27
Salesforce Q4: Growing Data Cloud And AI, Upgrade To 'Buy'
Summary I am upgrading Salesforce, Inc. to a “Buy” rating with a fair value of $320 per share due to its promising Data Cloud & AI growth. Salesforce reported 9% revenue growth and 13% adjusted operating profit growth, with a focus on margin improvement and cost management. Data Cloud & AI achieved $900 million in annual recurring revenue, representing 2.5% of total revenue, with significant future growth potential. Salesforce's guidance for FY 2026 includes 7%-8% revenue growth and 10%-11% operating cash flow growth, supported by margin expansion and strategic M&A. Read the full article on Seeking AlphaSeeking Alpha • Feb 20
Salesforce Is Likely To Beat Earnings Again
Summary Salesforce remains an attractive growth opportunity. I expect it to beat Q4 FY2025 consensus expectations despite recent EPS weakness and slowing cRPO growth. CRM's focus on cost control and robust free cash flow growth supports continued share repurchases and increasing dividends, enhancing shareholder value. Agentforce's early success and the massive potential of the AI agents market position Salesforce to be a major player in this expanding niche. Despite risks, including potential slower revenue impact from Agentforce and cRPO deceleration, CRM's undervaluation suggests a fair value with ~25% upside potential. Read the full article on Seeking AlphaSeeking Alpha • Feb 11
Salesforce: Waiting For A Major Catalyst In February
Summary Salesforce is expected to roll-out full version of its largely anticipated Agentforce 2.0 offering, which is extremely likely to be a game-changer in terms of the share price. Apart from the expected Agentforce 2.0 full release, there are several other developments emphasizing the management's strong focus on AI. My valuation analysis suggests that the stock is significantly undervalued. Read the full article on Seeking AlphaEarnings and Revenue Growth Forecasts
| Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
|---|---|---|---|---|---|
| 1/31/2029 | 55,565 | 10,299 | 19,340 | 20,385 | 20 |
| 1/31/2028 | 50,540 | 8,714 | 17,255 | 18,359 | 50 |
| 1/31/2027 | 46,112 | 7,408 | 15,720 | 16,345 | 52 |
| 1/31/2026 | 41,525 | 7,457 | 14,402 | 14,996 | N/A |
| 10/31/2025 | 40,317 | 7,222 | 12,895 | 13,502 | N/A |
| 7/31/2025 | 39,502 | 6,663 | 12,497 | 13,169 | N/A |
| 4/30/2025 | 38,591 | 6,205 | 12,647 | 13,321 | N/A |
| 1/31/2025 | 37,895 | 6,197 | 12,434 | 13,092 | N/A |
| 10/31/2024 | 37,189 | 5,935 | 11,874 | 12,525 | N/A |
| 7/31/2024 | 36,465 | 5,632 | 11,461 | 12,074 | N/A |
| 4/30/2024 | 35,743 | 5,470 | 11,334 | 11,990 | N/A |
| 1/31/2024 | 34,857 | 4,136 | 9,498 | 10,234 | N/A |
| 10/31/2023 | 33,954 | 2,592 | 8,812 | 9,619 | N/A |
| 7/31/2023 | 33,071 | 1,578 | 7,561 | 8,400 | N/A |
| 4/30/2023 | 32,188 | 379 | 7,064 | 7,926 | N/A |
| 1/31/2023 | 31,352 | 208 | 6,313 | 7,111 | N/A |
| 10/31/2022 | 30,294 | 278 | 5,558 | 6,305 | N/A |
| 7/31/2022 | 29,320 | 536 | 5,681 | 6,396 | N/A |
| 4/30/2022 | 27,940 | 1,003 | 5,723 | 6,448 | N/A |
| 1/31/2022 | 26,492 | 1,444 | 5,283 | 6,000 | N/A |
| 10/31/2021 | 24,983 | 1,739 | 5,493 | 6,192 | N/A |
| 7/31/2021 | 23,539 | 2,352 | 5,470 | 6,127 | N/A |
| 4/30/2021 | 22,350 | 4,442 | 5,612 | 6,170 | N/A |
| 1/31/2021 | 21,252 | 4,072 | 4,091 | 4,801 | N/A |
| 10/31/2020 | 20,286 | 3,557 | 3,562 | 4,259 | N/A |
| 7/31/2020 | 19,380 | 2,367 | 3,475 | 4,218 | N/A |
| 4/30/2020 | 18,226 | -167 | 3,418 | 4,225 | N/A |
| 1/31/2020 | 17,098 | 126 | 3,688 | 4,331 | N/A |
| 10/31/2019 | 15,850 | 736 | N/A | 4,030 | N/A |
| 7/31/2019 | 14,729 | 950 | N/A | 3,875 | N/A |
| 4/30/2019 | 14,013 | 1,158 | N/A | 3,897 | N/A |
| 1/31/2019 | 13,282 | 1,110 | N/A | 3,398 | N/A |
| 10/31/2018 | 12,544 | 954 | N/A | 3,119 | N/A |
| 7/31/2018 | 11,853 | 956 | N/A | 3,101 | N/A |
| 4/30/2018 | 11,149 | 703 | N/A | 2,974 | N/A |
| 1/31/2018 | 10,540 | 360 | N/A | 2,738 | N/A |
| 10/31/2017 | 9,969 | 103 | N/A | 2,392 | N/A |
| 7/31/2017 | 9,413 | -42 | N/A | 2,421 | N/A |
| 4/30/2017 | 8,872 | 142 | N/A | 2,341 | N/A |
| 1/31/2017 | 8,437 | 323 | N/A | 2,162 | N/A |
| 10/31/2016 | 7,907 | 206 | N/A | 1,926 | N/A |
| 7/31/2016 | 7,475 | 218 | N/A | 1,934 | N/A |
| 4/30/2016 | 7,073 | -13 | N/A | 1,988 | N/A |
| 1/31/2016 | 6,667 | -47 | N/A | 1,672 | N/A |
| 10/31/2015 | 6,302 | -88 | N/A | 1,534 | N/A |
| 7/31/2015 | 5,974 | -101 | N/A | 1,494 | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CRM's forecast earnings growth (10.7% per year) is above the savings rate (3.5%).
Earnings vs Market: CRM's earnings (10.7% per year) are forecast to grow slower than the US market (16.8% per year).
High Growth Earnings: CRM's earnings are forecast to grow, but not significantly.
Revenue vs Market: CRM's revenue (8.9% per year) is forecast to grow slower than the US market (11.7% per year).
High Growth Revenue: CRM's revenue (8.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CRM's Return on Equity is forecast to be high in 3 years time (24.2%)
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/25 09:19 |
| End of Day Share Price | 2026/05/22 00:00 |
| Earnings | 2026/01/31 |
| Annual Earnings | 2026/01/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Salesforce, Inc. is covered by 79 analysts. 52 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Kadambari Daptardar | Accountability Research Corporation |
| Adam Shepherd | Arete Research Services LLP |
| Joseph Bonner | Argus Research Company |